PNC Financial Services Group Inc (PNC) Given Consensus Rating of “Hold” by Analysts

PNC Financial Services Group Inc (NYSE:PNC) has received a consensus recommendation of “Hold” from the sixteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $143.57.

Several brokerages recently commented on PNC. Zacks Investment Research cut shares of PNC Financial Services Group from a “hold” rating to a “sell” rating in a research note on Monday. Macquarie raised shares of PNC Financial Services Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, March 6th. Deutsche Bank cut shares of PNC Financial Services Group from a “buy” rating to a “hold” rating and set a $123.89 price objective for the company. in a research note on Friday, January 25th. Credit Suisse Group reaffirmed a “hold” rating and set a $146.00 price objective on shares of PNC Financial Services Group in a research note on Thursday, January 17th. Finally, Royal Bank of Canada reduced their price objective on shares of PNC Financial Services Group to $150.00 and set an “average” rating for the company in a research note on Thursday, January 17th.

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In related news, Director Martin Pfinsgraff purchased 500 shares of the business’s stock in a transaction on Thursday, February 21st. The stock was acquired at an average price of $125.69 per share, with a total value of $62,845.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael J. Hannon sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 22nd. The stock was sold at an average price of $124.82, for a total transaction of $624,100.00. Following the completion of the transaction, the insider now directly owns 53,239 shares of the company’s stock, valued at approximately $6,645,291.98. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Oakworth Capital Inc. lifted its holdings in shares of PNC Financial Services Group by 15.5% in the 4th quarter. Oakworth Capital Inc. now owns 640 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 86 shares during the last quarter. Adviser Investments LLC lifted its holdings in shares of PNC Financial Services Group by 2.7% in the 4th quarter. Adviser Investments LLC now owns 3,509 shares of the financial services provider’s stock worth $410,000 after acquiring an additional 91 shares during the last quarter. Cohen & Steers Inc. raised its holdings in PNC Financial Services Group by 0.6% during the 3rd quarter. Cohen & Steers Inc. now owns 16,001 shares of the financial services provider’s stock valued at $2,179,000 after buying an additional 96 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in PNC Financial Services Group by 31.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 409 shares of the financial services provider’s stock valued at $48,000 after buying an additional 97 shares during the last quarter. Finally, Indiana Trust & Investment Management CO raised its holdings in PNC Financial Services Group by 3.8% during the 4th quarter. Indiana Trust & Investment Management CO now owns 2,735 shares of the financial services provider’s stock valued at $320,000 after buying an additional 100 shares during the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.

NYSE:PNC traded up $0.26 during mid-day trading on Friday, hitting $129.86. 3,687,610 shares of the stock traded hands, compared to its average volume of 2,547,200. The stock has a market cap of $58.91 billion, a P/E ratio of 12.13, a P/E/G ratio of 1.51 and a beta of 1.05. PNC Financial Services Group has a 12-month low of $108.45 and a 12-month high of $160.96. The company has a current ratio of 0.87, a quick ratio of 0.88 and a debt-to-equity ratio of 1.10.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Wednesday, January 16th. The financial services provider reported $2.75 EPS for the quarter, missing the consensus estimate of $2.79 by ($0.04). The firm had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $4.37 billion. PNC Financial Services Group had a net margin of 26.51% and a return on equity of 11.23%. PNC Financial Services Group’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.29 EPS. On average, equities analysts forecast that PNC Financial Services Group will post 11.32 earnings per share for the current fiscal year.

PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States and internationally. The company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.